NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: BUS 429

COURSE TITLE: CORPORATE PLANNING

CREDIT UNIT: 3

INSTRUCTION: 1. Indicate your Matriculation Number clearly

2. Attempt question one (1) and any other three (3) questions; four questions in all

3. Question one (1) is compulsory and carries 25 marks, while the other questions carry 15 marks each.

4. Present all your points in a coherent and orderly Manner

TIME ALLOWED: 2 ½ hour

1a. With the aid of a diagram, discuss the components of the input -output model of the systems approach to the management process. (15marks)

1b. Discuss the effectiveness of forecasting as a planning technique (6marks)

1c. Describe the role of intuition in managerial decision making (4marks)

2a. Define PERT network analysis and discuss Steps in Developing a PERT Network (10marks)

2b. One of the attempts to make technological forecasting more accurate and meaningful is the Delphi technique. Describe a typical process of the Delphi technique. (5marks)

3a. Discuss the five major functions of management (10marks)

3b. List and explain three available tests (application related) that provide some means of assessing whether a strategy is good (5marks)

4a. Enumerate and describe organisational plans by their breadth, time frame, specificity, and frequency of use. (8marks)

4b. Give six reasons why corporate planning fails and suggest when a strategic plan should be made (7marks)

5a. Enumerate and discuss the various steps in corporate planning. (9marks)

5b. Briefly discuss the four major criticisms of planning (6marks)